Coinbase BTC has displayed seven limit sell orders valued at $29.61 million, set between $81,500 and $85,000. These orders, spaced $500 apart, have remained unfilled for over 15 hours, suggesting they may be spoof orders. Such orders are often used to test market depth or simulate selling pressure. Traders should watch for quick fills or cancellations as the price nears these levels to understand the intentions of large market players.
Coinbase BTC Sees $29.61M in Unfilled Spoof Orders
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